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expressvpn 936 million kape technologies sells

ImranExpressVPN sells to Kape Technologies for $936 million
#1
Quote:Kape Technologies has announced it will pick up ExpressVPN for $936 million, consisting of $237 million in Kape shares to ExpressVPN co-founders Peter Burchhardt and Dan Pomerantz, which will hand them a 14% stake in the combined entity, with the remainder to be paid in cash over the next two years.

ExpressVPN said it would remain a separate service, and its team would continue to grow. Of its approximately 290 employees, ExpressVPN has 48% involved in research and development. Kape called out ExpressVPN's OEM arrangements with HP, HMD Global, Acer, Dynabook, and Philips.

The VPN service has over 3 million customers, with over 40% in North America. During the 2020 fiscal year, ExpressVPN posted revenue of $279 million, up 37%, and adjusted EBITDA of $75 million, up 35%, Kape said in its regulatory filing.

Cross-selling aside, ExpressVPN claimed it would be able to provide better protection from a "wider range of threats".

"We've been impressed by Kape's clear commitment to protecting the privacy of users," ExpressVPN said in a blog post.

"Their track record with upholding the exacting privacy practices and policies of other privacy protection services under the Kape umbrella is a strong testament to how seriously they take their responsibility to respect user privacy and rights."


Source : https://www.zdnet.com/article/expressvpn...6-million/
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#2
Thanks for posting,

This is really bad news
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#3
Wow that's a lot of money. Thanks for sharing the info Imran
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#4
(09-14-2021 , 03:55 PM)Mohammad Wrote: Thanks for posting,

This is really bad news

Exactly. I don't have a good feeling about that. I still think that they sell our privacy to third parties. Kape already took PIA VPN. This company will turn into a giant and here the problems begin.
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#5
Quote:For all the #ExpressVPN refugees out there, why not try Windscribe? More features, and $60 cheaper per year. Use promo code XPRSNOPE or just use our free service. We're independently owned and operated, out of Toronto, not some shady offshore haven.

https://twitter.com/windscribecom/status...5924036611
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#6
Bye bye ExpressVPN!
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#7
Kape has l large amount of users data in its hands now.
I just wondering how this company will use it........
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